1.

Find the interest on a used car loan of 5000 at a rate of 16% for a period of 8 months ​

Answer»

Answer:

interest is 6,400 rs.

Step-by-step EXPLANATION:

FIRST, Principal = 5000

Rate of interest = 16%

Time = 8 months

So, interest= p×r×t ÷ 100

5000×16×8÷100

6400



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